STOP Loss Orders - Avatrade  [SOLVED]

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brunor
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STOP Loss Orders - Avatrade

Postby brunor » 12 Jul 2014

Once an entry order is executed within M/C (versions 8 and 9) the STOP Loss and Profit orders appear on their server, but are deleted (disappear) if the connection between M/C and Avatrade is lost.
Which of the recommended brokers retains a STOP loss order on their server if Multicharts disconnects from the data feed? It seems a little risky to have STOP loss orders disappearing on the server side.

Any feedback would be appreciated.
Bruno

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JoshM
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Re: STOP Loss Orders - Avatrade

Postby JoshM » 13 Jul 2014

Which of the recommended brokers retains a STOP loss order on their server if Multicharts disconnects from the data feed? It seems a little risky to have STOP loss orders disappearing on the server side.
See Order Types and supported brokers. See the Supported brokers forum topic for a list that also includes introducing brokers.

Here's how AvaTrade and MC work with stop orders:
If a price order (stop/limit) is placed and its price is close to best ask for Buy or to best bid for Sell, the order is emulated in MultiCharts, but nothing is sent to broker. If the price changes to execution price (best ask for Buy or to best bid for Sell), the order is converted to market one and sent to broker. If the price moves away from execution price, the order is sent as a price order (stop/limit). The distance between execution price (order is converted and sent as a market order) and the price when order is sent as it is (stop or limit order) depends on the symbol and may vary.
Source (also see this page for more).

brunor
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Re: STOP Loss Orders - Avatrade  [SOLVED]

Postby brunor » 13 Jul 2014

Josh ... Thank you for your reply.


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